Lions Gate Posts Record Q3 Profit
Lions Gate (NYSE: LGF) released its fiscal third-quarter earnings results after the closing bell on Monday. The company reported net income of $37.83 million or $0.27 per share, versus a net loss of $1.40 million or $0.01 per share, in the year ago period.
On an adjusted basis, net income was $52.4 million or $0.37 per share, which was well above Wall Street analysts' consensus EPS estimates of $0.16.
Revenue in the quarter was $743.6 million an increase of 130 percent versus the $323 million the company reported in the year ago period. This beat analysts' consensus revenue estimates of $707.02 million.
In Monday's after hours trading session, LGF was last up 0.41 percent to $19.74 after adding better than three percent during regular trading.
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